Bar and Pub
For Sale
Contact for pricing
2927 E Hwy 80, Odessa, TX 79762
The open interior supports a range of bar and pub layouts.
Property Size2,982 SF
Price / SF$1.68
Days on Market403
Property Features for 2927 E Hwy 80
General Information
Standard status
Active
Size
2,982 SF
Total Parking Spaces
50
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,063
Building Details
Building Size
2,982 SF
Year Built
1978
Buildings
1
Stories
1
Listing Agency:
TROWER REALTORS
(432) 333-3211
Listed By:
Tonya Trower · License #308526
(432) 889-2124
Source:
Gloriarealestate
Added: Sep 18, 2025
Changed: Oct 24
Last Checked: Oct 24 at 2:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TROWER REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,982-square-foot bar and pub property has an open interior and was built in 1978. Its former uses include a restaurant, a game room, and a bar.
Key Highlights
- 2,982 square feet of open interior space
- Built in 1978
- Previously used as a restaurant, game room, and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,935
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,700
$798.7K
Cap Rate 7%
$570,500
$570.5K
Cap Rate 9%
$443,722
$443.7K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$57.3K $19.20/SF
− Vacancy
−$4.0K −$1.34/SF
EGI
$53.2K $17.86/SF
− OpEx
−$13.3K −$4.46/SF
NOI
$39.9K $13.39/SF
Area
Odessa, TX
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,700
Cap Rate 7%
$570,500
Cap Rate 9%
$443,722
Alternative Uses
Best Use
Specialty Retail
$570.5K
$499.2K – $665.6K
NOI $39,935 @ 7.0% cap · market cap 798.70%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.34M
$3.79M – $5.06M
NOI $303,461 @ 7.0% cap · market cap 6,069.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79762, TX
40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Hangar Lounge — 10000 Fortress Dr, Midland, TX 79706
- The Hanger Lounge — 3312 Fortress Dr, Midland, TX 79706
Frequently Asked Questions
What type of property is this?
Bar & Pub - The open interior supports a range of bar and pub layouts.
Where is this bar & pub located?
The property is located at 2927 E Hwy 80 Odessa, TX.
What are key features of this property?
This property features: 2,982 square feet of open interior space; Built in 1978; Previously used as a restaurant, game room, and bar
